I was also at the AGM and yes they did say that the grade for that week was as you've stated but they also admitted they had high-graded it that week with mostly carbonaceous ore and the CFO confirmed that the standard grade of the in-pit ore in a normal week was between 0.5 to 0.6g/t. The grades were only expected to increase once they were working on the pit floor of 'A Pit' after dewatering and ramp construction. According to Denial today, production has only increased due to improving recoveries through the plant and not necessarily through increased ore grades. The question then becomes how much carbonaceous ore can be mined in a quarter - maybe it can only fill both plants for one week in a quarter - but I certainly don't know. I'll play the conservative game and presume 0.6g/t for in-pit ore and probably stick to production of 19k ozs Au for this quarter even though Denial is apparently guiding somewhat higher - but this is only one person's opinion.
KCN Price at posting:
$1.37 Sentiment: Hold Disclosure: Held
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